Business Planning and Strategy Evaluation

Feb 3rd, 2012

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University of Oxford

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For any good enterprise to forge a head in the world of business it must have a good management system that accounts for good business practices (Laycock & Jurgen, 2009). This management understands the importance of a business plan and the laying of business strategies. A business plan and a business strategy are generated from the documents archived in the company’s records (Laycock & Jurgen, 2009).

Business Planning and Strategy Evaluation PaperStudent's NameAffiliationBusiness Planning and Strategy EvaluationIntroductionFor any good enterprise to forge a head in the world of business it must have a good management system that accounts for good business practices (Laycock & Jurgen, 2009). This management understands the importance of a business plan and the laying of business strategies. A business plan and a business strategy are generated from the documents archived in the company's records (Laycock & Jurgen, 2009). Different information is used to make different business assessments, whether evaluating the liquidity, solvency, profitability or management of the business. Once the information has been gathered, sorted and categories it is then used in planning and structuring of the business enterprise (Laycock & Jurgen, 2009). Every business organization has a set of goals and objectives they wish to accomplish. It is however relevant that the business uses the right processes and information in analyzing how to fulfill them. The goals and objectives that are launched by an organizations act as their performance analysis kit (Laycock & Jurgen, 2009). For every set goal or objective achieved by the business it is a step in the right direction (Laycock & Jurgen, 2009). For every failed objective it's an indication of poor business practices and performance. Where the business performs poorly over a long duration is an indication to busines